Most middle class still can’t buy a house

[Ex-SD]

CNN Money story:

Despite the housing slump, most middle income workers still don’t earn enough to buy a median-priced home in their hometowns, according to the Center for Housing Policy.

http://money.cnn.com/2008/01/29/real_estate/Housing_unaffordability_persists/index.htm

[kewp]

Wow, I guess all that inventory in middle-income areas is going to sit unsold forever.

Whatever shall we do?

[kewp]

Wow, I guess all that inventory in middle-income areas is going to sit unsold forever.

Whatever shall we do?

[kewp]

Wow, I guess all that inventory in middle-income areas is going to sit unsold forever.

Whatever shall we do?

[kewp]

Wow, I guess all that inventory in middle-income areas is going to sit unsold forever.

Whatever shall we do?

[kewp]

Wow, I guess all that inventory in middle-income areas is going to sit unsold forever.

Whatever shall we do?

[CogSciGuy]

Maybe a lot more “creative” mortgages would help. Clearly reducing prices isn’t a viable option.

[CogSciGuy]

Maybe a lot more “creative” mortgages would help. Clearly reducing prices isn’t a viable option.

[CogSciGuy]

Maybe a lot more “creative” mortgages would help. Clearly reducing prices isn’t a viable option.

[CogSciGuy]

Maybe a lot more “creative” mortgages would help. Clearly reducing prices isn’t a viable option.

[CogSciGuy]

Maybe a lot more “creative” mortgages would help. Clearly reducing prices isn’t a viable option.

[patientlywaiting]

Like some commentators have said, it’s not a credit crunch. It’s an asset price bubble that needs to deflate.

Don’t even consider San Diego. Areas of the country with similar income as SD and 1/2 the cost of housing are having difficulties right now. It’ll be a few more years before prices correct.

[patientlywaiting]

Like some commentators have said, it’s not a credit crunch. It’s an asset price bubble that needs to deflate.

Don’t even consider San Diego. Areas of the country with similar income as SD and 1/2 the cost of housing are having difficulties right now. It’ll be a few more years before prices correct.

[patientlywaiting]

Like some commentators have said, it’s not a credit crunch. It’s an asset price bubble that needs to deflate.

Don’t even consider San Diego. Areas of the country with similar income as SD and 1/2 the cost of housing are having difficulties right now. It’ll be a few more years before prices correct.

[patientlywaiting]

Like some commentators have said, it’s not a credit crunch. It’s an asset price bubble that needs to deflate.

Don’t even consider San Diego. Areas of the country with similar income as SD and 1/2 the cost of housing are having difficulties right now. It’ll be a few more years before prices correct.

[Author]

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